Global Interior Design Services Market

Global Interior Design Services Market Size, Share, Growth Analysis, By Design Type(Newly Decorated, Repeated Decorated), By Application(Residential, Commercial) - Industry Forecast 2024-2031


Report ID: SQMIG25R2021 | Region: Global | Published Date: April, 2024
Pages: 165 | Tables: 62 | Figures: 75

Global Interior Design Services Market News

  • In June 2022, Gensler, one of the key players in the global interior design services market, announced the opening of their new office in Berlin, its second in Germany, to expand its commitment to the German market and the local creative economy.
  • In May 2022, AECOM, the world's most recognised infrastructure consulting organization, today announced that Digital AECOM's PlanEngageTM platform is now available in the Microsoft Azure Marketplace, an online marketplace for purchasing and selling cloud products certified to run on Azure. PlanEngage is a cutting-edge digital platform that enhances public participation and comprehension of the planning process to streamline stakeholder engagement in planning. Infrastructure owners may now use the efficient and reliable Azure cloud platform to access this interactive solution, which has simplified deployment and management.
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FAQs

Global Interior Design Services Market size was valued at USD 42 billion in 2019 and is poised to grow from USD 45.1 billion in 2023 to USD 79.6 billion by 2031, growing at a CAGR of 7.4% in the forecast period (2024-2031).

The interior design services industry is highly fragmented due to the numerous businesses competing for market share. Due to the variations in prices of services in the market, competition has increased. Developing a clientele is difficult for designers since young people are less interested in interior design. Additionally, a lot of people are designing homes for sale themselves. 'Gensler', 'HOK', 'Perkins+Will', 'AECOM', 'Stantec', 'HBA', 'IA Interior Architects', 'CallisonRTKL', 'HKS', 'Nelson Worldwide', 'Wilson Associates', 'Hirsch Bedner Associates (HBA)', 'Woods Bagot', 'CannonDesign', 'SOM (Skidmore, Owings & Merrill)', 'Perkins Eastman', 'HDR', 'SmithGroup', 'NELSON', 'Geyer Design'

The expansion of the commercial infrastructure sector: In the residential, commercial, government, business, and public sectors, there is an increase in construction activity. Meanwhile, a number of national governments in emerging economies are making more efforts to create customized infrastructure, which is anticipated to stimulate the construction industry and enhance the economies of these countries. The public sector's growing investment in construction projects also has a significant impact on the growth of the global interior design services market. As a result, the demand for interior design services will increase throughout the projected period due to numerous governments investing substantial sums of money in the construction of cities, airports, and other commercial facilities.

Increasing investments in research & development and improvements in digital design technology: The execution of interior design is being improved by cutting-edge technological platforms like machine learning, VR, and AI. In order to stay competitive in the market and make interior design more productive, increase safety, and identify and fix issues, vendors are expanding their spending in research and development and opening digital design laboratories. For instance, AECOM is creating Capture, a web- and mobile-based AI-powered platform, to assist designers in bringing precision to presently clumsy, time-consuming, and subjective project management processes. Additionally, gathering data and employing machine learning to analyze it results in more precise design data and saves time. The market will grow as a result of this precision during the forecasted period.

Based on the region, the North American region currently dominates the global interior design services market. The market for interior design is dominated by North America because of regional demographic changes, cultural fusion, and new interior design technologies in the region.

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Global Interior Design Services Market

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